FXShinobi

FXShinobi

Hey traders, This is my analysis of AUDUSD before the markets open this week. AUDUSD is currently in a downward phase. Last week we had a minor retrace to the up side before bears were able to take control again and close with 3 consecutive bearish closes. Price is now at the open of the 1st bullish candle in the minor retrace. I see price breaking this level...

FXShinobi

Hey traders, Yesterday I posted an analysis of GBPUSD H1 Charts This prediction has come true! Bears are in full control right now and we are looking at potentially a bigger drop to the downside. Simple price action and analysis before this week's close.

FXShinobi Updated 

Hey traders, Yesterday I posted that EURUSD is stuck in a range on the H1 charts. Today it tried to break out to the upside but failed before settling inside the range. We have to wait for a breakout to either direction to confirm trend. Just have to be patient.

FXShinobi Updated 

Hey traders, Here is my current analysis on GBPUSD on the H1 Charts. We have a double top pattern that has formed. In order for us to confirm the pattern we need a break of the neckline to the downside. This is simple technical analysis paired with DXY strength.

FXShinobi Updated 

Hey Traders, Here is my current analysis on AUDUSD on the H1 charts. We currently have a bearish flag pattern which is in line with the overall trend. If price can break through this flag I see a further move possibly to .6700 area. Simple technical analysis and breakout strategy.

FXShinobi

Hey traders, Gold has formed a lot of bullish actions over the past couple hours. We have gotten pushes to the downside which have failed resulting in pinbars. If we can get some bullish momentum going my bias is definitely long. We have the trend line I have drawn which acts as support as well! Simple price action and analysis.

FXShinobi

Hey traders, We can see on the daily chart that bulls tried to push price up today but failed. Bears seem to be in control as USDNOK looks to make a further move to the down side. Stop loss set above the pin, and risk to reward target is 1.5 Simple price action and analysis!

FXShinobi Updated 

Hey traders, My analysis on USDCAD has changed. It seems like price has been consistently forming higher highs and higher lows now. Price is trying to break through the previous high of 1.3270 currently. Today on the daily chart's we had a huge bullish close which engulfed the previous couple of candles. I see a move to the upside until the upper blue trend...

FXShinobi

Hey traders, Another eventful day with the FOMC minutes being released today but not really adding any volatility or liquidity to the markets. On the H1 charts for EURUSD it seems like price is currently ranging. Once price makes a break to either side that will confirm my bias. Overall trend is still down so I will be looking for a break out to the...

FXShinobi

Hey Traders, This is my latest analysis on bitcoin on the daily charts. Bitcoin has continued the move down and now broken through minor s/r. I see price going down to the trend line around the 5,200 area before we can make a further decision. Simple price action and technical analysis

FXShinobi

Hey traders, This is my analysis on EURUSD on the daily time frame. We had a inside bar close today representing some indecision of buyers and sellers. If price can break the low of the inside bar I see a further move to the down side. Simple price action and analysis.

FXShinobi

Hey traders, Here is my analysis of GBPUSD on the H4 charts. Where price goes from here will signal who is in control. We can either have a respect of this previous high and price rejects this level. Or price can breakout creating a higher high with bulls firmly in control. My guess is down, but who knows. Simple price action and analysis.

FXShinobi

Hey traders, A continuation of my analysis of AUDUSD so far. Price retraced in the midst of the current down move last week, before reaching resistance currently. Bulls struggled to push price down and it seems like Bears are still in control for the medium term. If we can get a strong bearish close tomorrow, it only further confirms the downtrend. Simple...

FXShinobi

Hey traders, Natural gas experienced a huge retrace today after forming a higher high in this mini uptrend. Let's wait and see what price does at S/R before making a decision. If we get a nice bullish confirmation then I will have a long bias.

FXShinobi

Hey traders, As mentioned in a previous idea we had a clear sign of reversal with the tweezer top/pin bar signal at the trend line. Today was another victory for the bears as they managed to push price down for a strong 20 pip close. I am still bearish on the USDCAD for the next week or two unless something changes. Weekly pinbar is still relevant and that is...

FXShinobi

Hey traders, Here is my analysis of the EURDUSD on the H1 Charts. EURUSD was in a bullish move upwards last week, but the long term trend is down. We see price action of a bearish pinbar at the Support/Resistance I have labeled. I predict that bears will continue to push price down to further lows. Simple price action and analysis.

FXShinobi

Hey traders, Hope everyone is having a great weekend. This is just my analysis on USDCAD on the weekly charts. Last week bulls tried to push price up but failed to do so before bears took control. We see a huge pinbar rejection off of the trendline. Price came back up to retest it before failing to push higher. Bears are firmly in control. Simple price...

FXShinobi

Hey traders, Markets are now closed but this is the best time to review and analyze what happened over the past week. Price for Gold touched the green trend line I drew which may be part of a bullish flag pattern for gold. Price immediately bounced up, with 3 bullish candles before experiencing a minor retrace on Friday. The close on Friday was weak and...